Magellan Midstream Partners (MMP) Tops Q2 EPS by 4c, Revenues Miss

Magellan Midstream Partners (NYSE: MMP) reported Q2 EPS of $1.05, $0.04 better than the analyst estimate of $1.01. Revenue for the quarter came in at $619.44 million versus the consensus estimate of $663.81 million.

"Magellan continues to generate strong financial results bolstered by increased demand for our refined products and crude oil infrastructure," said Michael Mears, chief executive officer. "In addition to solid demand for our current services, we remain committed to developing attractive expansion projects to meet our customers' needs while generating attractive returns for our investors for years to come."

For earnings history and earnings-related data on Magellan Midstream Partners (MMP) click here.

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